Close zig-zag label

This indicator is a beta and is created to indicate the valid high and low close pattern, this isn't a stand alone strategy or reader of the market but can help to read the trend direction.

!ATTENCTION!
this indicator have repainting, don't thrust it until a candle close

some labels have more transparency than other, this is beacause they are lower high or higher low, the duller are the trend extention (friendly reminder, I can find the exact higher or lower close after a pullback, not running)

I don't know if I would implement other stuff in this indicator or if I'm going to remake it better, but for now I have this

Release Notes

Added customization
Implemented zig-zag (sadly have gap when price is not clear)

Release Notes

QUICK FIX

Changed the color of zig-zag from only black to green and red for bearish or bullish market condition

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

SimoneMicucci00

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Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

SimoneMicucci00

Also on: